Automotive Manufacturing may be the Mexican Economy’s Driving Engine
November 12, 2012
The thriving automotive industry in Mexico stands out as a success story amidst the torrent of doom and gloom news surrounding the world economy. With several automakers planning to either begin or expand their operations, the future of automotive manufacturing in Mexico looks primed to continue growing substantially. J.D. Power, an automotive consulting firm, estimates, in all, that auto production will grow by a third over the next six years in Mexico.
Nissan, Honda, and Mazda have new plants opening in Mexico next year. Construction is underway on 40 new auto parts plants to meet the coming demand. Last month, Nippon Steel announced plans to have a steel plant in operation by the middle of next year in the central Mexico state of Guanajuato to service the auto industry. NAPS, an administrative service provider in the industry since 1991, now offers its services to companies manufacturing in the Central region of Mexico. With an office in Guanajuato, NAPS has on-site staff fluent in Japanese, Spanish and English. Japanese auto manufacturers have identified Guanajuato as a key location for auto manufacturing in Mexico. “NAPS has a long history of working with Japanese manufacturers and therefore the move to Guanajuato to support the tier one, two and three suppliers of these big automotive firms made perfect sense,” said Scott Stanley, Sr. Vice President of Sales and Marketing at NAPS.
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